MILWAUKEE (AP) _ Strattec Security Corp. (STRT) on Thursday reported fiscal first-quarter net income of $1.2 million.
On a per-share basis, the Milwaukee-based company said it had net income of 33 cents. Earnings, adjusted for non-recurring costs, were 79 cents per share.
The maker of automotive locks and keys posted revenue of $120 million in the period.
Strattec Security shares have dropped 31% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.97, a drop of 37% in the last 12 months.